U.S. energy company Sempra Infrastructure and Korea Gas Corporation (KOGAS) have teamed up to cooperate in the global energy transition to lower and zero-carbon fuels. Illustration; Courtesy of Sempra The parties signed a memorandum of understanding (MoU) to explore opportunities to cooperate in the global energy transition. The MoU contemplates …
Following U.S. President Biden’s announcement on Thursday about plans for what will be the largest release of oil reserves in American history, the International Energy Agency’s 31 member countries agreed on Friday to a new release of oil from emergency reserves in response to the market turmoil caused by Russia’s …
BW Tatiana FSRU, deployed in El Salvador as a part of the Energía del Pacífico LNG-to-power project, has completed its first ship-to-ship LNG operation. Courtesy of BW LNG BW LNG, a unit of the Singapore-based gas shipping giant BW Group, informed via social media of the milestone operation that took …
Indian Oil, Larsen & Toubro (L&T), and ReNew Power have formed the Green Hydrogen joint venture in a move to enable India’s decarbonisation push. Courtesy of L&T Indian Oil, the country’s refiner, L&T, India’s engineering and construction firm, and ReNew, India’s renewable energy company, signed a binding term sheet for …
Norwegian shipping company Flex LNG has entered into a time charter party agreement with a unit of U.S. LNG exporter Cheniere for Flex Aurora LNG carrier. Courtesy of Flex LNG Cheniere Marketing declared the option to employ a fifth LNGC from Flex LNG under the time charter agreements from April …
As of the beginning of April, Lithuania has completely abandoned Russian gas, satisfying all its gas demand through the Klaipeda LNG terminal. Courtesy of Ministry of Energy of the Republic of Lithuania On 2 March, the Ministry of Energy of the Republic of Lithuania informed that the country’s gas transmission …
Both government and commercial efforts are needed to speed up the transition to clean energy, since, as Shell says, the transition is not just about reducing CO2 emissions, but it is rather a political balancing act that needs government-led policies. Premium content Checking for account. You need javascript to validate …
South Korean shipbuilder Korea Shipbuilding & Offshore Engineering (KSOE) has secured an order for the construction of two liquefied natural gas (LNG) carriers. Illustration. Courtesy of KSOE The order, valued at KRW 545.8 billion (about $448.1 million), has been placed by an undisclosed European shipowner. The agreement was signed on …
The world’s first carbon-free ammonia fuel bunker network is arriving in Scandinavia. Norwegian fertilizer company Yara International has pre-ordered 15 floating bunkering terminals from compatriot Azane Fuel Solutions, enabling the delivery of green ammonia fuel to the shipping industry. Photo: Yara Yara International and Azane Fuel Solutions have signed a …
The keel-laying ceremony has been held for Finnsirius, the first Superstar roll-on/roll-off passenger (RoPax) ferry ordered by Finnish ferry operator Finnlines. The keel laying was celebrated China Merchants Jinling Shipyard in Weihai, China, on 1 April 2022. The construction of the ship began in June last year. The two cargo-passenger vessels …
U.S. President Joe Biden last night announced plans for what is said to be the largest release from the strategic petroleum reserves in American history of 1 million barrels a day for six months to lower gas prices at the pump. In his speech, Biden revealed a two-point plan, which …
Japanese classification society ClassNK has granted approval in principle (AiP) to France’s GTT for its innovation applicable to LNG-fueled PCTCs and cruise ships. Courtesy of GTT The innovation is applicable to LNG-fueled pure car and truck carriers as well as cruise ships with Mark III membrane tank. This is an …